Author Archive

Cochran has doubts about effectiveness of antidumping efforts

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) is questioning the effectiveness of antidumping levies as evidence mounts that some nations are finding ways to evade punishment while still flooding U.S. markets with imported shrimp, crawfish, furniture and other products. Cochran raised the issue at a Senate Homeland Security Appropriations Subcommittee hearing on the enforcement of […] [...]

Chevron U.S.A.’s base oil facility begins production

PASCAGOULA — Chevron Corporation (NYSE:CVX) subsidiary Chevron U.S.A. Inc. has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company’s Pascagoula refinery. Base oils produced at Pascagoula will add to capacity from the company’s refinery in Richmond, California, and a joint venture facility in Yeosu, Korea, approximately doubling Chevron’s […] [...]

Mississippi Power conducts successful tests at Kemper plant

KEMPER COUNTY — Workers at Mississippi Power’s Kemper County energy facility successfully reached two major testing milestones: testing of the combined cycle unit and pressure testing of both gasifiers. The successful completion of the tests is an indication of continued progress on putting both pieces of equipment into service. Recent testing of the combined cycle […] [...]

Corn growers watch bear market eat profits

ACROSS MISSISSIPPI — Who knew Mississippi corn growers should worry about bears? The bears are not in the fields eating the crop; they are in the market, eating the profits. When economists refer to a bear market, they are talking about declining stock prices over a prolonged period, usually a 20 percent or larger decline. […] [...]

MBJ July 18th Digital Edition

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Airbus partners with Precision Aviation, Government Capital

COLUMBUS — Airbus Helicopters Inc. (AHI) has partnered with Precision Aviation Services and Government Capital Corp. to provide tax-exempt financing for mission equipment technology upgrades and required major maintenance for law enforcement and government-owned AS350-series helicopters. Precision Aviation Services, of Peachtree City, Ga., AHI’s newest service center, will work with AHI and Government Capital to provide […] [...]

Entergy expects increase in as-reported, operational earnings

NEW ORLEANS — Entergy Corporation expects second quarter 2014 as-reported earnings of approximately $1.04 per share and operational earnings of approximately $1.10 per share. Results for second quarter 2013 were $0.92 per share on an as-reported basis and $1.01 per share on an operational basis. The increase in earnings reflected top line growth, particularly at […] [...]

Illinois firm buys Dogwood Festival for undisclosed sum

FLOWOOD — Inland Real Estate Income Trust Inc. of Oak Brook, Illinois, has acquired the 187,610-square-foot Dogwood Festival Shopping Center in Flowood, Mississippi. Lou Quilici, senior vice president of IREIT Business Manager & Advisor Inc., facilitated the transaction. Constructed in 2002, Dogwood Festival Shopping Center is 97.8 percent leased to 36 tenants, including T.J. Maxx, […] [...]

Roy Anderson earns three Coast construction contracts

GULFPORT — Roy Anderson Corp. (RAC) has won three construction contracts for projects on the Mississippi Gulf Coast. They are: Scarlet Pearl Casino Resort, D’Iberville Owner: Land Holdings One / Contract Value: approx. $122 million Scope of work: Construction of a 15-story, 300-room hotel with 61,000 sf of gaming space. The hotel tower will include […] [...]

Renasant reports much higher net income after First M&F buy

TUPELO — During the second quarter of 2014, Renasant Corporation saw net income increase 85 percent to $14,853,000, or basic and diluted earnings per share (EPS) of $0.47, compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. The company’s balance sheet and results of operations as of and […] [...]

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